|Did you know that 1 in 6 Americans currently live in a multigenerational household?
According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multigenerational household.
Why Are Many Americans Choosing to Live in a Multigenerational Household?
The benefits to multigenerational living are significant. According to Toll Brothers,
The piece continues to explain the top 5 benefits of multigenerational living. Here is the list, and a small excerpt from their article:
1. Shared Expenses
2. Shared Responsibilities
“Distributing chores and age-appropriate responsibilities amongst family members is a tremendous way of ensuring that everyone does their part. For younger, more able-bodied members, physical work such as mowing the lawn or moving furniture is a nice trade-off so that the older generation can focus on less physically demanding tasks.”
3. Strengthened Family Bond
4. Ensured Family Safety
The trend of multigenerational living is growing, and the benefits to families who choose this option are significant. If you’re considering a multigenerational home, let’s get together to discuss the options available in our area.